two billion AWS
CASH IS (STILL) KING Digitalization is here to stay — we’re a hyper-connected world with more options than ever. But that doesn’t change the fact that physical currency is a top choice of people around the world. From how much there is, to why we love to use it (and how much it costs to move it all around), here’s an inside look at the big, complicated ecosystem of cash.
54%
$5
85%
TWO BILLION
TRILLION
Global consumer transactions 3 conducted in cash
Global unbanked population that must 2 rely primarily on cash.
Amount of cash 1 in flux globally
Consumers who say one of the key drivers in trusting their bank is the ability to make cash 4 withdrawals easily.
US CONSUMER ATTITUDES TOWARD PAYMENT METHODS
5
CASH CREDIT CARDS CHECKS DEBIT CARDS
MOBILE WALLETS
VIRTUAL CURRENCY (I.E. Bitcoin)
LEAST SECURE
MOST SECURE
EUROPEAN CONSUMER ATTITUDES ABOUT CASH RANK IT HIGHEST IN...
6
SIMPLICITY 67%
CASH DEBIT CARD CREDIT CARD
SPEED
SECURITY 47%
CASH
46%
36%
CREDIT CARD
33%
CHECK
ATM DEMAND CONTINUES TO RISE 7
36%
CASH
32%
PAYPAL
9%
22%
CREDIT CARD
ATM WITHDRAWALS PER PERSON/YEAR 8 JAPAN
ATM
27%
PORTUGAL U.K.
Projected increase in worldwide ATM installed base by 2021
HONG KONG SWITZERLAND UNITED STATES
PROJECTED GROWTH OF CASH USAGE THROUGHOUT THE WORLD UNITED STATES 2015: $2.368 trillion 2020: $2.571 trillion Growth: $203 billion
9
EASTERN EUROPE 2015: €1.3 trillion 2020: €1.6 trillion Growth: €300 billion
MEXICO 2015: $305.2 billion 2020: $343.7 billion Growth: $38.5 billion
BRAZIL 2015: $393.8 billion 2020: $565.8 billion Growth: $172 billion
WESTERN EUROPE 2015: €2.10 trillion 2020: €2.17 trillion Growth: €70 billion
$300 BILLION
$60 BILLION in Europe alone
Annual cost of handling cash
10
DEPOSIT AUTOMATION HAS A LONG WAY TO GO
10
11
There are still huge opportunities for banks to save money by automating deposits, freeing staff to conduct more complex transactions. In many regions around the globe, the majority of deposits are still conducted in the branch:
UNITED STATES
72%
28%
CANADA
54%
EUROPE
46%
BRANCH
68%
ASIA
32%
79%
21%
DIGITAL & ATM
BUT AUTOMATION IS A DEPENDABLE WAY TO DRIVE DOWN COSTS Consider a bank with 100 branches, conducting 200 teller transactions per branch per day. The FI could generate millions in annual savings:
TOTAL SAVINGS: Shifting 80% of cash-in transactions to self-service cash recyclers:
$6.3 MILLION
Teller automation:
$6.6 MILLION
Cash supply chain automation:
$1.8 MILLION
$14.7 MILLION PER YEAR
Get a handle on the cash flowing through your network – we’ll work with you to implement the right True Cash Cycle Management tools and solutions for your unique needs. Contact your Diebold Nixdorf representative today.
1. “How much money is there on earth?” (2015), Gizmodo 2. http://www.worldbank.org/en/news/press-release/2015/04/15/massive-drop-in-number-of-unbanked-says-new-report 3. http://www.mastercardadvisors.com/cashlessjourney/ 4. http://www.ey.com/Publication/vwLUAssets/EY_-_Looking_at_the_bank_from_the_customers_point_of_view/$File/EY-efma-report.pdf 5. ATM Future Trends 2017 (ATM Marketplace) 6. Forrester Consumer Technographics European Financial Services Survey, H1 2016 7. RBR 2016, Global ATM Market and Forecasts to 2021 8. RBR volume of ATM cash withdrawals information for 2015 combined with population statistics 9. Global Cash Index: Eastern European Analysis (2016), The Americas Analysis (2017), Western European Edition (2016), PMNTS.com 10. Ovum, G&D 11. Finalta
54%
$5
85%
TWO BILLION
TRILLION
Global consumer transactions 3 conducted in cash
Global unbanked population that must 2 rely primarily on cash.
Amount of cash 1 in flux globally
Consumers who say one of the key drivers in trusting their bank is the ability to make cash 4 withdrawals easily.
US CONSUMER ATTITUDES TOWARD PAYMENT METHODS
5
CASH CREDIT CARDS CHECKS DEBIT CARDS
MOBILE WALLETS
VIRTUAL CURRENCY (I.E. Bitcoin)
LEAST SECURE
MOST SECURE
EUROPEAN CONSUMER ATTITUDES ABOUT CASH RANK IT HIGHEST IN...
6
SIMPLICITY 67%
CASH DEBIT CARD CREDIT CARD
SPEED
SECURITY 47%
CASH
46%
36%
CREDIT CARD
33%
CHECK
ATM DEMAND CONTINUES TO RISE 7
36%
CASH
32%
PAYPAL
9%
22%
CREDIT CARD
ATM WITHDRAWALS PER PERSON/YEAR 8 JAPAN
ATM
27%
PORTUGAL U.K.
Projected increase in worldwide ATM installed base by 2021
HONG KONG SWITZERLAND UNITED STATES
PROJECTED GROWTH OF CASH USAGE THROUGHOUT THE WORLD UNITED STATES 2015: $2.368 trillion 2020: $2.571 trillion Growth: $203 billion
9
EASTERN EUROPE 2015: €1.3 trillion 2020: €1.6 trillion Growth: €300 billion
MEXICO 2015: $305.2 billion 2020: $343.7 billion Growth: $38.5 billion
BRAZIL 2015: $393.8 billion 2020: $565.8 billion Growth: $172 billion
WESTERN EUROPE 2015: €2.10 trillion 2020: €2.17 trillion Growth: €70 billion
$300 BILLION
$60 BILLION in Europe alone
Annual cost of handling cash
10
DEPOSIT AUTOMATION HAS A LONG WAY TO GO
10
11
There are still huge opportunities for banks to save money by automating deposits, freeing staff to conduct more complex transactions. In many regions around the globe, the majority of deposits are still conducted in the branch:
UNITED STATES
72%
28%
CANADA
54%
EUROPE
46%
BRANCH
68%
ASIA
32%
79%
21%
DIGITAL & ATM
BUT AUTOMATION IS A DEPENDABLE WAY TO DRIVE DOWN COSTS Consider a bank with 100 branches, conducting 200 teller transactions per branch per day. The FI could generate millions in annual savings:
TOTAL SAVINGS: Shifting 80% of cash-in transactions to self-service cash recyclers:
$6.3 MILLION
Teller automation:
$6.6 MILLION
Cash supply chain automation:
$1.8 MILLION
$14.7 MILLION PER YEAR
Get a handle on the cash flowing through your network – we’ll work with you to implement the right True Cash Cycle Management tools and solutions for your unique needs. Contact your Diebold Nixdorf representative today.
1. “How much money is there on earth?” (2015), Gizmodo 2. http://www.worldbank.org/en/news/press-release/2015/04/15/massive-drop-in-number-of-unbanked-says-new-report 3. http://www.mastercardadvisors.com/cashlessjourney/ 4. http://www.ey.com/Publication/vwLUAssets/EY_-_Looking_at_the_bank_from_the_customers_point_of_view/$File/EY-efma-report.pdf 5. ATM Future Trends 2017 (ATM Marketplace) 6. Forrester Consumer Technographics European Financial Services Survey, H1 2016 7. RBR 2016, Global ATM Market and Forecasts to 2021 8. RBR volume of ATM cash withdrawals information for 2015 combined with population statistics 9. Global Cash Index: Eastern European Analysis (2016), The Americas Analysis (2017), Western European Edition (2016), PMNTS.com 10. Ovum, G&D 11. Finalta
